Corollaries and conjectures

Things That Never Existed To Begin With

A bank with 140,000 tech works -- can that sort of thing exist in reality, or can it only be a giant illusion?

From a Bloomberg report on Citibank:

"Pandit’s initial plan was to complete the integration that Weill and Prince left undone.

‘Massively Inefficient’

“Each business has been operating with its own back office,” Pandit told investors and analysts gathered in New York on May 9. “We have 140,000 people in IT and operations. We have 16 database standards. We have 25,000 developers. This results not only in waste but doesn’t give us any opportunity to leverage our organization. That’s massively inefficient. We’re finally going to merge it all.”"

posted by Vijay Kumar @ 12:02 PM